Prevent Chargebacks: 8 Insider Tips to Protect Your Business

Prevent Chargebacks: 8 Insider Tips to Protect Your Business

Chargebacks911® COO Monica Eaton-Cardone’s New Guest Feature for Just Web World

Chargebacks911® COO Monica Eaton-Cardone, one of the world’s foremost experts on chargebacks and fraud prevention, offers tips to defend against abuse in a new feature for Just Web World.

Just Web World was introduced in December 2012 with the mission of helping and educating people regarding everyday online and offline topics. They cover topics including business, blogging internet tricks, SEO, web design, technology, and more.

Chargebacks were introduced to the market almost 50 years ago. They were intended as a form of consumer protection. As Monica notes, though, they’ve become less a solution for consumers, and more of a problem for merchants.

“The system has not kept up with the changes in technology,” Monica says in the piece. “Many customers game the system by going straight to the bank with illegitimate claims; a practice known as friendly fraud. This occurs when authorized cardholders (innocently or deliberately) bypass the merchant and file chargebacks to recover their money. Ironically, today’s retailers lose billions of dollars each year through a system originally designed as consumer protection.”

Monica offers several helpful tidbits in the piece. She recommends employing all the fraud detection tools at your disposal, improving customer service, eliminating sources of common merchant error, along with other best practices.